Zacks Investment Research upgraded shares of ASLAN PHARMACEUTICALS ADR REP 5 (NASDAQ:ASLN) from a sell rating to a hold rating in a report issued on Friday morning.
According to Zacks, “ASLAN Pharmaceuticals Limited operates as a clinical-stage biotechnology company. It develops drugs, medicines and novel therapeutics for the treatment of patients with oncology, respiratory and inflammatory diseases. The company’s product portfolio includes Varlitinib, ASLAN004, ASLAN002 and ASLAN003 both are in clinical stage. ASLAN Pharmaceuticals Limited is based in Singapore. “
Separately, HC Wainwright restated a buy rating and issued a $12.00 price objective on shares of ASLAN PHARMACEUTICALS ADR REP 5 in a research note on Tuesday, August 21st. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of Buy and a consensus price target of $10.94.
Several hedge funds have recently made changes to their positions in the company. Platinum Investment Management Ltd. acquired a new position in shares of ASLAN PHARMACEUTICALS ADR REP 5 in the 2nd quarter valued at $2,532,000. Temasek Holdings Private Ltd acquired a new position in shares of ASLAN PHARMACEUTICALS ADR REP 5 in the 2nd quarter valued at $12,660,000. Finally, MYDA Advisors LLC acquired a new position in shares of ASLAN PHARMACEUTICALS ADR REP 5 in the 2nd quarter valued at $195,000. Institutional investors own 10.93% of the company’s stock.
About ASLAN PHARMACEUTICALS ADR REP 5
ASLAN Pharmaceuticals Limited, a clinical-stage oncology-focused biopharmaceutical company, develops therapeutics for the treatment cancer in Asia, the United States, Europe, and internationally. The company's product pipeline includes Varlitinib, a novel agent, which has completed Phase II studies in gastric and breast cancer, and entered into pivotal studies for biliary tract cancer; ASLAN002, a potent cMET and Recepteur d'Origine Nantais (RON) inhibitor that is in Phase II development for the treatment of gastric and breast cancer; and ASLAN003, a novel DHODH inhibitor, which is in Phase I clinical trials to treat acute myeloid leukemia and solid tumors.
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